Chancellor Jeremy Hunt disappointed the British tourism, retail and hospitality sector by ignoring calls to reinstate VAT rebates in today’s budget.
An hour long statement focused on raising additional taxes from non doms and extending windfall taxes on energy companies that created the headroom for a 2% cut to employee national insurance.
The Tourist Tax was not mentioned in a highly political budget, the last before an expected general election in the autumn.
The bigger issue could be the removal of Non Dom status. IIRC 2.9bn is the estimate of what they will raise….i think that is greatly misjudged, the Uber wealthy that so much o f London depends on will just move along